Joseph Isangura
The Tanzanian government has announced a series of strategic initiatives to maximize the economic and social benefits of its vast mineral resources.
Speaking at the 6th Tanzania Mining and Investment Conference 2024, which opened on November 19 at the Julius Nyerere International Convention Centre, Minerals Minister Hon. Anthony Mavunde detailed plans to enhance mineral value addition and position the sector as a key economic driver.
Themed *“Mineral Value Addition for Socioeconomic Development,”* the conference has drawn global investors, industry leaders, and policymakers. The event aims to showcase Tanzania’s potential as a mining hub while promoting investment opportunities in mineral processing and exploration.
Among the major projects unveiled is the establishment of a state-of-the-art mineral refinery at the former Buzwagi Gold Mine in Kahama, Shinyanga Region. This facility will be complemented by modern laboratories in Dodoma, Geita, and Chunya, designed to help local miners reduce operational costs and increase competitiveness by providing on-site mineral testing services.
“These initiatives demonstrate our commitment to making the mining sector a cornerstone of economic growth,” Minister Mavunde said, highlighting the government’s efforts to create a self-reliant and globally competitive industry.
The government has significantly increased the Ministry of Minerals’ budget from TZS 89 billion to TZS 231 billion to accelerate these efforts. This boost will support infrastructure development, training programs, and enhanced regulatory frameworks.
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The conference, which runs through November 21, features keynote speeches, exhibitions, and networking events aimed at fostering partnerships. It also highlights the global importance of critical minerals like graphite, essential for green energy transitions. Tanzania, already a leader in tanzanite production, is gearing up to become Africa’s top graphite exporter as demand rises for electric vehicle batteries.
The introduction of “Usiku wa Madini,” an event to celebrate excellence in the mining industry, underscores the government’s dedication to recognizing contributions from both local and international stakeholders.
Tanzania’s vision, as outlined during the conference, is to establish itself as a hub for mineral beneficiation, creating value locally and ensuring its natural wealth directly benefits its citizens. The focus on sustainability and innovation aims to position the country as a global leader in mining.
